Retirement plan

SONIC SYSTEMS INTERNATIONAL, INC. 401(K) P/S PLAN

Name: SONIC SYSTEMS INTERNATIONAL, INC - SONIC SYSTEMS INTERNATIONAL, INC. 401(K) P/S PLAN (2024) Form 5500
Creator: SONIC SYSTEMS INTERNATIONAL, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SONIC SYSTEMS INTERNATIONAL, INC. 401(K) P/S PLAN, SONIC SYSTEMS INTERNATIONAL, INC

SONIC SYSTEMS INTERNATIONAL, INCEIN 74-2014414Plan #001PY 2024

101 NORTH 3RD ST, SUITE 401 - WILMINGTON, NC 28401281-531-7611

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$16.1M

+10.9% from 2023

Total participants

963

-2.0% from 2023

Average account balance

$42,056

+6.8% from 2023

Annual return

15.94%

+3.47 pp from 2023

Benchmarks

See 836 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort836 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$16.11M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$42K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

383

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

27.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.94%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$27

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER5 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$7,386
ADP BROKER-DEALER8 years Service code 49 · EIN 22-3319984	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$10K

$13 / participant

Recordkeeping$7K71.7%
Investment mgmt$3K28.3%

% of EOY assets

0.064%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CROWE
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,056

$45,031-6.6%

$85,009-50.5%

$77,671-45.9%

Participation rate

27.5%

48.7%-21.2pp

67.5%-40.0pp

70.6%-43.1pp

Annual return

15.94%

79.22%-63.3pp

66.47%-50.5pp

31.21%-15.3pp

Employer contribution / active EE

$1,609-100.0%

$2,728-100.0%

$2,726-100.0%

Participant deferral / active EE

$2,931

$2,807+4.4%

$4,522-35.2%

$4,648-36.9%

Admin fee / account holder

$27

$912-97.1%

$6,153-99.6%

$430-93.8%

Provider

Service type

Compensation

ADP BROKER-DEALER5 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$7,386

ADP BROKER-DEALER8 years

Service code 49 · EIN 22-3319984

Other Services

SONIC SYSTEMS INTERNATIONAL, INC. 401(K) P/S PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SONIC SYSTEMS INTERNATIONAL, INC. 401(K) P/S PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion